American Express Co (AXP) Financial Statements
Industry: Finance Services
In fiscal 2025, American Express reported revenue of $72.23B, up 9.5% from $65.95B the year before. Net income was $10.83B (a 15.0% net margin), or $15.38 per diluted share. Net interest income was $17.36B, and the efficiency ratio (noninterest expense / revenue) was 73.6%. Operating activities generated $18.43B of cash, leaving $16.00B of free cash flow. At fiscal year end, American Express held $300.05B in total assets against $266.58B in total liabilities.
Open the full interactive American Express financials → Quarterly statements, key ratios, valuation history and price charts.
American Express Key Stats
| Share Price | $309.84 |
|---|---|
| Market Cap | $210.38B |
| P/E Ratio | 20.1 |
| Dividend Yield | 1.15% |
| Revenue YoY Growth | +9.5% |
| 52-Week Range | $289.66 – $380.60 |
| Shares Outstanding | 678.0 million (basic, 2026 Q2) |
American Express Income Statement
| FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | |
|---|---|---|---|---|---|---|
| Net Interest Income | $7.99B | $7.75B | $9.89B | $13.13B | $15.54B | $17.36B |
| Provision for Credit Losses | $4.73B | -$1.42B | $2.18B | $4.92B | $5.18B | $5.26B |
| Noninterest Income | $28.10B | $34.63B | $42.97B | $47.38B | $50.41B | $54.87B |
| Noninterest Expense | $27.06B | $33.11B | $41.09B | $45.08B | $47.87B | $53.18B |
| Revenue | $36.09B | $42.38B | $52.86B | $60.52B | $65.95B | $72.23B |
| Pre-Tax Income | $4.30B | $10.69B | $9.59B | $10.51B | $12.89B | $13.79B |
| Income Tax | $1.16B | $2.63B | $2.07B | $2.14B | $2.77B | $2.96B |
| Net Income | $3.13B | $8.06B | $7.51B | $8.37B | $10.13B | $10.83B |
| Diluted EPS | $1.76 | $10.02 | $9.85 | $11.21 | $14.01 | $15.38 |
American Express Quarterly Results
| 2025 Q3 | 2025 Q4 | 2026 Q1 | 2026 Q2 | |
|---|---|---|---|---|
| Revenue | $18.43B | $18.98B | $18.91B | $19.64B |
| Net Income | $2.90B | $2.46B | $2.97B | $3.11B |
| Diluted EPS | $4.14 | $3.54 | $4.28 | $4.53 |
American Express Balance Sheet
| FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | |
|---|---|---|---|---|---|---|
| Total Assets | $191.37B | $188.55B | $228.35B | $261.11B | $271.46B | $300.05B |
| Deposits | $86.88B | $84.38B | $110.24B | $129.14B | $139.41B | $152.49B |
| Total Long-Term Debt | $42.95B | $38.67B | $42.57B | $47.87B | $49.72B | $56.39B |
| Total Liabilities | $168.38B | $166.37B | $203.64B | $233.05B | $241.20B | $266.58B |
| Shareholders' Equity | $22.98B | $22.18B | $24.71B | $28.06B | $30.26B | $33.47B |
American Express Cash Flow Statement
| FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | |
|---|---|---|---|---|---|---|
| Cash From Operations | $5.59B | $14.64B | $21.08B | $18.56B | $14.05B | $18.43B |
| Cash From Investing | $11.63B | -$10.53B | -$33.69B | -$24.43B | -$24.40B | -$22.89B |
| Cash From Financing | -$9.07B | -$14.93B | $24.51B | $18.38B | $4.44B | $11.21B |
| Free Cash Flow | $4.11B | $13.10B | $19.22B | $17.00B | $12.14B | $16.00B |
| Dividends Paid | $1.47B | $1.45B | $1.56B | $1.78B | $2.00B | $2.27B |
Figures from American Express' 10-K and 10-Q filings with the SEC, as of 2026-10-14. Fiscal years follow the company's own reporting calendar. EPS and share counts are adjusted for later stock splits. See the full American Express financials page for every line item.
American Express Company Profile
| Ticker | AXP |
|---|---|
| Exchange | NYSE |
| Industry | Finance Services |
| Headquarters | New York, New York |
| Incorporated in | New York |
| Fiscal Year End | December 31 |
| SEC Filer Category | Large accelerated filer |
| SEC CIK | 0000004962 |
Frequently Asked Questions
What was American Express' revenue in fiscal 2025?
American Express (AXP) reported revenue of $72.23B for fiscal 2025.
What is American Express' annual revenue history?
American Express' annual revenue by fiscal year: 2020: $36.09B; 2021: $42.38B; 2022: $52.86B; 2023: $60.52B; 2024: $65.95B; 2025: $72.23B.
What was American Express' net income in fiscal 2025?
American Express reported net income of $10.83B for fiscal 2025.
What was American Express' earnings per share (EPS) in fiscal 2025?
American Express' diluted EPS was $15.38 for fiscal 2025 (adjusted for any later stock splits).
How much free cash flow did American Express generate in fiscal 2025?
American Express generated $16.00B of free cash flow in fiscal 2025.
What was American Express' revenue last quarter?
In its most recent reported quarter (2026 Q2), American Express reported revenue of $19.64B.
How much debt does American Express have?
American Express reported $56.39B of long-term debt, including the current portion, at the end of fiscal 2025.
How many shares of American Express are outstanding?
American Express reported a weighted average of 678.0 million basic shares outstanding in 2026 Q2.
What is American Express' market cap?
Based on its latest closing price, American Express (AXP) has a market capitalization of about $210.38B.
When does American Express' fiscal year end?
American Express' fiscal year end, as registered with the SEC, is December 31.
Where is American Express headquartered?
American Express lists its business address in New York, New York in its SEC filings.